News Sources wrote an interesting post today on
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Watts Real estate prognosticator Gary Watts, who earned a reputation in recent years for making rosy forecasts, is now delivering his gloomiest outlook since Realtors called him “Scary Gary” because of his dire predictions two decades ago. In a recent address to members of the Orange County Association of Realtors, Watts said: “The recession has gone on so long and has been so crippling that any small piece of economic data that comes out favorably leads one to think that things are fin

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News Sources wrote an interesting post today on
Here’s a quick excerpt
I’ll be the first to freely admit that I’m not a journalist. But when I see shoddy reporting, it makes me cringe. And let’s face it, a lot of people have the propensity to believe anything they read on the Internet, particularly if the source is “trusted” or from the “Mainstream Media”. Case in point: Yesterday there was an article on Realtor.org – a site many would think could be trusted. It is after all, the home of the National Association of Realtors. They cited another source – U.S

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News Sources wrote an interesting post today on
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Click to enlarge The California Association of Realtors reported that the time it would take to sell all the houses for sale in Orange County fell last month to the lowest level since October 2005, the month the housing slump began. According to the association: It would take 6.3 months to sell last month’s inventory of houses for sale at May’s sales pace. That’s the lowest level since October 2005, considered the start of the housing slump because sales began to falter then. That’s

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News Sources wrote an interesting post today on
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The Daily Breeze reports from California. “The median price of all South Bay homes sold last month was $513,000, down 12.3 percent from the same month a year earlier, according to a report released by the California Association of Realtors. For strictly single-family home resales, May’s statewide volume was up 35.2 percent over the same period a year earlier. “In the beach cities, the median dropped only 5.8 percent to $801,000. Redondo Beach saw a 14.8 percent drop in its median to $617,50

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News Sources wrote an interesting post today on
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RISMEDIA, June 29, 2009-Home sales increased 35.2% in May in California compared with the same period a year ago, while the median price of an existing home declined 30.4%, the California Association of Realtors® (C.A.R.) reported today. “With affordability for first-time buyers at a record high, sales of existing, single-family homes continued to remain above the 500,000 level for the ninth consecutive month,” said C.A.R. President James Liptak. “Buyers are beginning to realize that the combi

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